2023 NPR to UGX Historical Review

YEARLY HIGH

28.9185 UGX

YEARLY LOW

27.2248 UGX

YEARLY AVERAGE

28.1923 UGX

2023 NPR to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 28.9185. Conversely, the yearly low was recorded on August 12, dropping to 27.2248.

This high-to-low spread represents a total annual volatility of 1.6937 UGX. From a start-to-finish perspective, comparing the January average rate of 28.1995 to the December average rate of 28.3668, the exchange rate registered a net change of 0.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 28.9185 was down 6.21% compared to the 2022 peak of 30.8318, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NPR based on timing:

Yearly Peak High 144,592 UGX

2022 Average 146,800 UGX

Yearly Trough Low 136,124 UGX

Transaction Impact: A difference of 8,468.40 UGX purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

28.6437

27.7022

JanuMarcMayJulySeptNove

NPR to UGX Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 28.2585, compared to 28.1262 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1322 points.

H1 Avg (Jan–Jun) 28.2585

H2 Avg (Jul–Dec) 28.1262

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 1.0167 UGX (High: 28.2415 / Low: 27.2248). On the other end, January was the most stable month, with a tight range of 0.2553 UGX (High: 28.3236 / Low: 28.0683).

August Spread (Volatile) ±1.0167

January Spread (Stable) ±0.2553

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.3001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 28.5652) against the same month in 2022 (average: 29.0795), the exchange rate shifted by -0.5143 (-1.77%).

2023 Avg (April) 28.5652

2022 Avg (April) 29.0795

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.3236	28.0683	28.1995
February	28.1636	27.6691	27.8998
March	28.7995	28.0404	28.4098
April	28.9185	28.3634	28.5652
May	28.5677	28.1114	28.3056
June	28.4115	27.9424	28.1708
July	28.1248	27.4653	27.8707
August	28.2415	27.2248	27.7807
September	28.3121	28.0369	28.1515
October	28.4170	28.0922	28.2073
November	28.6115	28.2232	28.3805
December	28.5412	28.1923	28.3668